CALGARY, Feb. 26, 2020 /CNW/ - Pason Systems Inc.
(TSX: PSI) announced today that the Board of Directors declared a
quarterly dividend of nineteen cents
(C$0.19) per share on the company's
common shares. The dividend will be paid on March 30, 2020 to shareholders of record at the
close of business on March 16,
2020.
Pursuant to the Canadian Income Tax Act, dividends paid
by the Company to Canadian residents are considered to be
"eligible" dividends.
Pason Systems Inc.
Pason Systems Inc. is a leading
global provider of specialized data management systems for drilling
rigs. Our solutions, which include data acquisition, wellsite
reporting, remote communications, web-based information management,
and analytics, enable collaboration between the rig and the office.
Pason's common shares trade on the Toronto Stock Exchange under the
symbol PSI.
Additional information on risks and uncertainties and other
factors that could affect Pason's operations or financial results
are included in Pason's reports on file with the Canadian
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com) or through Pason's
website (www.pason.com). Furthermore, any
forward looking statements contained in this news release are made
as of the date of this news release, and Pason does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
securities law.
SOURCE Pason Systems Inc.